After spending nearly a year on the market, someone has finally put the key in the ignition of the 9th-floor co-op at 625 Park Avenue that belonged to the late Hess Corporation founder Leon Hess and wife Norma Wilentz Hess.
The four-bedroom co-op made its debut in 2010, asking $20 million at a time when $20 million was apparently still too much to ask (although 2011 was a pretty good year for some other pads in the building). Fortunately, you could scarcely pick a better time to sell a pricey Park Avenue pad these days, with the market for high-end properties exploding as the rest of the global economy implodes. To wit, Marjorie Gershwind Fiverson has just bought the unit from the Hess estate $17.25 million, according to city records. Read More